Consumer Equilibrium

Slope of the Indifference Curve is 

• Price Ratio
• MRSxy
• MRTxy
• None of these

What will be the shape of the Indifference curve when its slope increases?

• convex to origin
• concave to origin
• straight line
• none of these

The necessary condition in Indifference curve analysis for equilibrium is

• MUx = Px
• MUx/Px = MUy/Py
• MRSxy = - P1/P2
• MRSxy increases

Equation of Budget Line is

• P1X1+P2X2 <M
• P1X1+P2X2 = M
• P1X1+P2X2 >M
• P1X1+P2X2 <= M

The collection of all the consumption bundles which costs the consumer exactly equal or strictly less than her money income is called 

• Budget Line
• Budget Set
• Indifference Map
• Indifference Curve

The slope of budget line is:-

• concave
• convex
• MRS
  
• price ratio of the commodity

Consumer's equilibrium is maintained at the point where ....

• Budget line cuts indifference curve

• Budget line is tangent to indifference curve

• Budget line is convex to origin

• Budget line is parallel to indifference curve